Morgan Stanley upgraded shares of Banco Santander (NYSE:SAN – Free Report) from an equal weight rating to an overweight rating in a report released on Tuesday, MarketBeat.com reports.
Other equities research analysts also recently issued reports about the stock. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. StockNews.com cut Banco Santander from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.
View Our Latest Analysis on SAN
Banco Santander Trading Up 0.2 %
Banco Santander Cuts Dividend
The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were given a $0.08 dividend. This represents a dividend yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s payout ratio is currently 18.75%.
Institutional Trading of Banco Santander
Several large investors have recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in shares of Banco Santander by 1.4% in the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after buying an additional 2,011,150 shares during the last quarter. FMR LLC increased its holdings in shares of Banco Santander by 33.9% in the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after purchasing an additional 5,290,236 shares during the period. Groupama Asset Managment purchased a new position in shares of Banco Santander in the third quarter worth about $53,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Banco Santander by 5.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock valued at $23,459,000 after acquiring an additional 242,000 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC purchased a new position in shares of Banco Santander during the third quarter worth $22,500,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.
Banco Santander Company Profile
Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.
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